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Ukraine’s Supreme Court reject Gazprom’s appeal against $6,2 billion fine

The court decision is non-appealable
18:54, 21 November 2018

hyser.com.ua

The Supreme Court of Ukraine has rejected the cassation appeal of the Russian Gazprom against the decision on the recovery of the fine and penalty in the sum of $6,2 billion for the abuse of authority as the decision of the court says.

“It is ordered to disallow the cassation appeal of Gazprom and the decision of Kyiv Economic Court dated June 19, 2018, and the regulation of Kyiv Commercial Court of Appeal dated August 30, 2018, on the case #910/18299/16 without changes,” the message said.

Related: Stockholm Arbitration unites Gazprom, Naftogaz lawsuits

It is noted that the regulation comes into force from the moment it was adopted and it is the final and non-appealable.

On January 22, 2016, Ukraine’s Anti-Monopoly Committee fined Russian energy company Gazprom for $3,4 billion. The reason is Russian company’s abuse of its position at the gas transit market, where Russia uses gas pipelines running through the Ukraine territory.

Related: Court prohibits Nord Stream and Nord Stream 2 companies to pay Gazprom

The notification on the payment of the fine was sent to Gazprom on March 4, 2016? and it had to be paid until May 4, 2016.

On April 12, 2016, Gazprom filed an appeal to Kyiv Economic Court with a request to find the decision of the Anti-Monopoly Committee as non-valid, however, the courts of higher instances confirmed the legality of such decision.

Related: Ukraine's Naftogaz collects $18 million with Gazprom, - Naftogaz commercial director

Anti-Monopoly Committee filed a lawsuit on the recovery of the fine and penalty to the Kyiv Economic Court on October 5, 2016. The decision on the payment of the fine and penalty took its force on February 22, 2017.

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